Anatomy Financial raised $19 million as part of the Series A funding round.
The mentioned company intends to use the money raised to expand its solutions, which enable healthcare practices to convert their billing workflows from paper to digital.
In a press release published by Anatomy Financial, it was noted that the solutions of this firm include healthcare lockbox services, Explanation of Benefits (EOB) conversion to 835 files, and smart reconciliation.
Sasha King, co-chief executive officer of the company, stated that paper is still the core method of receiving payments and important billing information, such as denial letters and explanations of benefits. In this case, it was also noted separately that Anatomy Financial reimagined the lockbox to bridge the digital and physical worlds. The company has provided customers with artificial intelligence-enabled features specifically designed for billers, and medical and dental practices to save time and thus ensure no payments fall through the cracks.
Anatomy Financial’s healthcare lockbox, practices reroute checks to the service by changing their billing address and getting an email-like experience after the process of converting physical mail into electronic remittances and correspondence is completed. This service eliminates the need for practitioners to manually open mail, scan and organize documents, deposit receipts, and enter checks into their practice management systems.
Neil Underwood, general partner at Canapi Ventures, which led the funding round, stated Anatomy Financial’s automation of back-office processes and integration of embedded financial products helps healthcare organizations boost their efficiency and gain real-time insights.
As we have reported earlier, Justt Raises $30 Million.
